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Search Results 0 to 11 of about 12 (some duplicates have been removed)
steps. the document also addresses the role of the government in revitalizing japan's economy. it describes how politicians should promote growth and restore fiscal health. along with drafting the joint statement, boj officials have agreed to introduce open-ended asset purchasing. under a new program from january 2014 the central bank will purchase a certain amount of financial assets every month. no termination date is being set for the scheme. the new measure will expand the total size of the asset purchase program, or app, by about 10 trillion yen, or $110 billion, in 2014. the program is expected to be maintained in the future. following the meeting prime minister and revital minister reported on the release of the joint statement to prime minister abe at his office. >> translator: the government strongly hopes the bank of japan will a monetary easing policy in order to achieve the goal. >> translator: the bank of japan believes it is important to realize sustainable growth by overcoming deflation at an early stage and achieving price stability. it is vital to strengthen o
the economy back on track, in particular battling years of deflation here. you can imagine really on the defensive today refuting claims of currency manipulation made by germany's leader. this came after germany's chancellor said japan's easing monetary measures could devalue the yen. the finance minister denied the accusation. >> translator: japan is pursuing bold economic measures to pull the country out of deflation, not to manipulate the currency. >> the japanese currency is trading at its weakest level in two years and seven months. he said this is a sign that excessive strength of the yen is being corrected now. economic revitalization minister also said he in tends to seek more understanding regarding japan's financial policy at the annual meeting of the world economic forum. he's taking part in the meeting from saturday. >>> meanwhile the head of the bank of japan stressed the central bank will continue promoting seamless and powerful monetary easing. the governor gave an address in tokyo on friday pep said an inflation target and mormon tear easing to achieve it are neede
there project that the country's economy will grow 2.5% in the coming fiscal year. that's due to stimulus measures and a global economic recovery. a large scale economic package will push up the gross domestic product. they forecast a moderate global economic recovery will lift corporate sentiment and boost spending on plant and equipment. the officials expect people will rush toake more purchases including things like houses before a plant consumption tax hike in april 2014. the government has concluded that the economy will expand 5 2.5% in real terms and 2.7% in nominal terms. based on the assumption that prices will pick up modestly the government projects nominal growth will exceed real growth for the first time in 16 years. the dollar is gaining further ground against the yen. earlier it hit a high. now it's changing hands to 39 yen. traders have seen rates drop to a five-year low. that's provided a brighter outlook for the american economy. the consumer price index dropped in december for a second month running as well. the euro i trading higher and that's being quoted at 120.77
. the country's economy is stagnant. most people subsist on a minimum amount of food. authorities use these launches and nuclear tests to calm these people. north korea is a great country. they even separate them, as we saw last month. as time goals on, kim's scientists and engineers will gain more knowledge and his military will become more powerful. diplomats need to use talks to counter that. and they need to encourage chinese officials to be more active in the process. >> all right. thanks, kengo. >>> voters in israel have the ruling right wing bloc now has fewer seats in the the 120-member kanesset. centrist parties and an extreme right-wing parties made gains. vote-counting is nearly finished. the right-wing bloc led by the likud party won the highest number of seats. it will take about 30, down from the 42 it held before the vote. >> translator: thank you for giving me the chance to lead israel for a third time. we must form as large a coalition as possible. i've already started on this mission tonight. >> the centrist yeshitit or there is a future party, and a stra left labor
for the first time in three years as european credit woes continue to weigh on the global economy. officials announce on tuesday that nearly 200 million people worldwide were jobless in 2012. that's an increase of more than 4 million from the previous year. officials say unemployment grew not only in western countries but also in east asia and the middle east. nay say european debt problems affected emerging economies by hurting trade. youth unemployment is also on the rise. people aged 15 to 24 are counted for over a third of the tot number. officials are urging governments to boost job training programs for young people. looking ahead officials say global unemployment will continue to rise this year to over 220 million. they site the sluggish global economic recovery as a reason. south korean journalts have voted toyota motors camry car of the year. representatives from the japanese automaker collected the trophy for the u.s. built sedan at a ceremony in seoul. the journalists praised the cars price competitiveness. it beat 44 models introduced last year including vehicles by bmw. toyota e
economy. they're celebrating the 50th anniversary of reconciliation. the elysee treaty was signed in 1963. commemorative events were held tuesday in britain -- in berlin, that is. french and german ministers held a joint cabinet meeting in the city. german chancellor angela america 8 and french president francois hollande made a statement together in parliament to emphasize their ties. they say they're determined to boost cooperation to help europe overcome its challenges. merkel said germany and france will soon make joi proposals to deepen economic integration in the eu. >>> the european debt crisis has revealed rifts between member countries. but merkel and hollande say they hope the celebrations will highlight the e.u.'s ties. >>> and now let's get a check on markets. first taking a look at the currencies, the dollar is lower against the yen as traders are taking profits following the recent advance. the dollar against the yen changing hands at 88.74-76. the u.s. currency was trading at the 89-yen level before the bank of japan announcements. market players see the outcome of the b.o.
growth will reach 3.5% this year. that's up from 3.2% in 2012. the imf says the euro zone economy will recover more slowly than previously expected. the imf's growth forecast for the united states is 2%. that's as long as the country contains its fiscal crisis including the debt ceiling and fiscal growth. the imf has mained growth outlook for the japanese economy for 1.2% this year. they were warned about the risks of accumulating debt without consolidation measures. >> when the countries start with ray otio of debt to gdp, in bot cases it's much above. we vowed a clear plan for fiscal consolidation over the next five, ten years, it seems to many to be quite dangerous to increase the fiscal deficit. >> the u.s. house of representatives have agreed to raise the debt ceiling until may 18th. the bill will prevent the government from defaulting on its debt. the bill passed the house on wednesday ter t republican majority changed its stance. republicans said they would not approve the bill unless the government made more cuts to social programs. republicans had public criticism that th
to receding concerns about the world's largest economy after u.s. legislators passed a bill to extend the debt ceiling. we are seeing dollar/yen at 89.61. market players say news of north korea's possible nuclear testing also fueled geo political concerns. the euro is strong at 119.46. >>> the japanese government has finalized a guideline for compiling next year's budget. it is designed to keep new bond issues to a minute mum. members of the cabinet and the council of economic and fiscal policy approved the plan. the proposal for the fiscal year that starts in april includes the government's latest economic stimulus. priority is put on cutting wasteful spending and also requires the budget to focus on two key areas, that's reconstruction work from the 2011 disaster and sectors with sustainable or promising growth. now the guidelines urge a 50% reduction in the primary balance deficit by fiscal 2015. that's aimed at clearing a milestone towards counter fiscal health. the governor will decide its draft budget on tuesday next week. >>> japan's ruling coalition parties have been talking about tax
Search Results 0 to 11 of about 12 (some duplicates have been removed)